Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
CDEV and RIG along with other oil & gas and shipping stocks under $5 are on cruise control lately. The rotation out of growth and into value as well as cash seems to be the focus. But later on down the road, I think commodities will still benefit from all of the infrastructure spending.

This was a good quote from an article I was reading (https://pennystocks.com/featured/2021/03/04/are-penny-stocks...

“The outcome of today’s OPEC meeting lends to a running of the bulls in oil markets, as global oil demand rebounds amidst recovery in the COVID-19 pandemic while OPEC, which controls a third of global production, balks at the recovery and maintains extreme production cuts,” said GasBuddy’s Patrick DeHaan. “American motorists [are] filling their tanks at the fastest pace since the pandemic began.”

We'll see what happens next but definitely going to be watching these stocks closely in the near term.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.